BEDFORD, Mass. , July 9 /PRNewswire/ -- VideoIQ(R), Inc. today announced
that it has closed $10 million in a Series B funding round, led by Lehman
Brothers Venture Partners and with participation from existing investors
Matrix Partners and Atlas Venture. As part of the investment, Brian Paul , a
partner at Lehman Brothers Venture Partners, will join VideoIQ's board of
directors. The new round of funding will be used to fuel VideoIQ's market
expansion and continue product development of its line of intelligent video
surveillance offerings.

"Over the last decade, demand for physical security solutions has
skyrocketed. IP video surveillance and video analytics are seen as the future
of the industry, yet no vendor has been able to deliver solutions that
overcome the large network and storage requirements, unreliable detection, and
high costs that have stood in the way of widespread use," said Brian Paul ,
partner, Lehman Brothers Venture Partners. "VideoIQ is changing all of that.
It is revolutionizing the industry by enabling companies of all sizes to
cost-effectively implement intelligent video surveillance, in which analytics
is not just an 'add on' but rather the foundation that drives the benefits of
the entire system. We are excited to work with VideoIQ to make intelligence
part of every surveillance system out there."

Launched in spring 2008, the VideoIQ iCVR (intelligent Camera with Video
Recording) builds advanced video analytics, content-aware storage and
intelligent networking into high-quality IP security cameras. The VideoIQ iCVR
represents a breakthrough in video surveillance by offering unprecedented
capabilities that include: 1) plug-and-play, real-time analytics that warn of
threats, without the need for time-consuming calibration and set up; 2)
powerful appearance-based search that enables users to search for a particular
person or vehicle across all cameras with the click of the mouse; and 3) an
intelligent architecture that maximizes storage quality and minimizes network
bandwidth requirements. These capabilities combine to deliver the industry's
simplest yet most intelligent video surveillance system designed for a broad
range of applications, including utilities & infrastructure, corporate &
school campuses, residential, homeland security and more.

"We are thrilled with the tremendous response we are receiving from the
market since launching our intelligent camera earlier this year," said Scott
Schnell , president and CEO, VideoIQ. "With this new round of capital and the
continued support of our investors, we'll build on this momentum by
aggressively forging into new markets, broadening alliances, and further
building out our line of intelligent video surveillance solutions."

About Lehman Brothers Venture Partners

Established in 1995, Lehman Brothers Venture Partners ("LBVP") targets mid
to later-stage venture capital investments in companies capable of turning
innovative technology and management solutions into successful businesses.
LBVP is managed by a team of partners located in Menlo Park, California and
Boston, Massachusetts . LBVP is part of Lehman Brothers' Private Equity
business. Lehman Brothers' global Private Equity business, founded in 1984,
currently oversees approximately $35 billion across 38 different fund
strategies and seven asset classes: Merchant Banking, Venture Capital, Real
Estate, Credit, Infrastructure, the Strategic Partners Group, and Fund Related
Investments which includes fund of private equity funds, fund of hedge funds,
and the Manager Research and Selection Business.

Lehman Brothers (ticker symbol: LEH), an innovator in global finance,
serves the financial needs of corporations, governments and municipalities,
institutional clients and high-net-worth individuals worldwide. Founded in
1850, Lehman Brothers maintains leadership positions in equity and fixed
income sales, trading and research, investment banking, private investment
management, asset management and private equity. The Firm is headquartered in
New York , with regional headquarters in London and Tokyo , and operates in a
network of offices around the world. For further information about Lehman
Brothers' services, products and recruitment opportunities, visit the Firm's
Web site at http://www.lehman.com.

About VideoIQ

VideoIQ, Inc. is the technology leader in intelligent video surveillance
solutions. VideoIQ uses superior analytics to transform video surveillance
into a dynamic, real-time system that delivers early warning of security
breaches, fast appearance-match video search, and new levels of video quality,
network and storage efficiency. The VideoIQ iCVR is the industry's first
intelligent Camera with Video Recording -- with advanced video analytic
detection and search, content-aware storage and intelligent networking
embedded inside a state of the art security camera. Additionally, the VideoIQ
HD family of video analyzers delivers the industry's best detection accuracy
for conventional analog cameras of all types, requiring human response only
when a real event takes place. The company is backed by top-tier investors
Atlas Venture, Lehman Brothers and Matrix Partners. Learn more at
http://www.videoiq.net.